A 12-year, $1,000 par. value, 8% annual coupon bond currently sells for %985. If the market rate
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Question:
A 12-year, $1,000 par. value, 8% annual coupon bond currently sells for %985. If the market rate of interest remains constant, what is the expected capital gain yield for the following year?
A. -0.25%,
b. 0.08%,
C. 0.25%
Related Book For
Introduction to Accounting An Integrated Approach
ISBN: 978-0078136603
6th edition
Authors: Penne Ainsworth, Dan Deines
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